Average Hourly Earnings of All Employees: Leisure and Hospitality in Hawaii
SMU15000007000000003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.57
Year-over-Year Change
-1.41%
Date Range
1/1/2007 - 7/1/2025
Summary
The 'Average Hourly Earnings of All Employees: Leisure and Hospitality in Hawaii' trend measures the average hourly wage for workers in the leisure and hospitality industry in Hawaii. This data is a key indicator of labor market conditions and consumer spending patterns in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the average hourly wage paid to all employees, including part-time and full-time workers, in the leisure and hospitality sector in Hawaii. Economists and policymakers use this data to assess the strength of Hawaii's service-based economy and the overall standard of living for workers in this industry.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insights into the competitiveness of Hawaii's tourism and service-oriented labor market.
Key Facts
- Hawaii's leisure and hospitality sector accounts for over 200,000 jobs.
- Wages in this industry are typically lower than the statewide average.
- Hourly earnings trends help gauge the cost of living in Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly wage paid to employees in the leisure and hospitality industry in Hawaii, including hotels, restaurants, and other service-oriented businesses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the labor market and consumer spending patterns in Hawaii's crucial tourism-based economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the strength of Hawaii's service-based economy and the standard of living for workers in the leisure and hospitality industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of All Employees: Leisure and Hospitality in Hawaii (SMU15000007000000003), retrieved from FRED.